Riverside County Bridge Lenders for Residential Investment Property
Are you seeking a bridge loan secured by residential property in Riverside County? On this page you'll find a list of select bridge lenders for Riverside County investment properties with 1 to 4 units. To get a 1st lien bridge loan, you must have at least 30% equity. Due to state laws and regulations, it's not possible to get a bridge loan for a homestead (owner-occupied primary residence) or 2nd home, but if that's what you're seeking, use the filters to change the loan type to 'Residential Owner-Occupied' and you may find some alternative lending options.Searching...
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PrideCo Loans Inc.
Family Office Hard Money Lender for Multifamily and Residential Investment Properties
Select a Metro Area
California is an enormous state, and most bridge lenders are selective about where they lend, so filter your search by selecting a metro area:
Northern California: SF Bay Area | Sacramento | Lake Tahoe
Southern California: Los Angeles | San Diego | Orange County | Riverside County | San Bernardino County | Santa Barbara
Central California: Central Valley | Bakersfield | Fresno
California Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for California bridge loans in the 1st quarter of 2024 was 11.23%. The average loan amount was $659,373. These stats are the average of 877 short-term loans (including rehab and ground-up construction loans) funded for properties in California between January 1, 2024 and March 31, 2024 by multiple bridge lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
According to private lending data provider, Analytics Logics, the average interest rate for bridge loans secured by residential investment properties in California in the 1st quarter of 2024 was 10.69%. Lenders charged an average of 1.4% points (origination fee). The average LTV (loan-to-value) for bridge loans in California was 64%, and the average loan amount was $808,910. These stats are the average of all the loans which were funded between January 1, 2024 and March 31, 2024 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 California Bridge Loan Lenders
According to Forecasaâ„¢, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in California in the last 12 months from March 2024.
- Kiavi
- Anchor Loans
- Val Chris Investment Inc
- Center Street Lending
- Conventus LLC
- Easy Street Capital
- Provident Trust Group
- Merchants Mortgage and Trust Corporation
- Fundloans Capital
- Genesis Capital
Forecasaâ„¢ provides analytics data for California bridge loans on a quarterly basis. You’ll find their top lenders data for many other states on our platform.
Funded Residential Bridge Loans in Riverside County
Private Money Loan for Short-Term Rental in Palm Desert, California
$1,475,000
Karpe Real Estate Center, a direct private lender for Central California real estate, funded a $1,475,000 1st lien position equity cash-out loan secured by a single-family residence in suburban Palm Desert, CA. The property value was estimated at $2,200,000 so our loan-to-value was 67%. We paid off a previous loan balance of $1,090,000 and provided the Borrower with the desired funds. The Borrower needed to refinance this short-term rental to pull cash out and place it into their business. The Borrower plans to keep using this as a short-term rental and refinance the loan prior to the maturity date. The subject property was in excellent condition and is approximately 3,241 square feet set in a 10,454-square-foot lot. The Borrower had average credit. The interest rate was set at 11.5%. The loan term was set at 24 months. This SFR private money loan was funded in April 2023.